Good Morning Traders!
It is Thursday the 24th of August and here is what to look out for today.

The prospect of global interest rates remaining higher for an extended period of time is compelling many investors to switch from stocks to bonds. China is attempting to mitigate risks associated with its $9 trillion pile of off-balance-sheet local government debt without resorting to major bailouts. When he speaks Friday in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell is expected to outline the final steps in the US central bank's campaign to tame inflation and reaffirm the bank's commitment to finishing the job.

08:30 AM ET
US Weekly jobless Claims Data
Initial - Median Forecast: 240K | Prior: 239K| Range: 250K / 235K
Continued - Median Forecast: 1.705M | Prior: 1.716M| Range: 1.728M / 1.69M

US Durable Goods Data for July
Durable Goods - Median Forecast: -4% | Prior: 4.6%| Range: 1% / -7%
Core Durable Goods - Median Forecast: 0.2% | Prior: 0.5%| Range: 0.5% / -0.5%

11:30 AM ET
US Sells $80 bln in 4-Week Bills at Auction

13:00 PM ET
US Sells 8 bln in 30-Year TIPS at Auction


10:00 AM ET
Fed's Harker speaks with CNBC from the Kansas City Fed's Jackson Hole Economic Symposium.

11:15 AM ET
Fed's Collins speaks on Yahoo! Finance.